钼市场大幅下跌 底部支撑临近

Mo Price Falls by a Big Margin

受钼精矿供应增加、不锈钢厂减产并减少合约钼比例以及贸易商急于在年底处理库存的影响,钼价格于2005年下半年向下调整。2005年年底欧洲市场氧化钼价格较2004年同期跌23.4%,美国市场氧化钼价格跌20.3%,西方钼铁和中国钼铁鹿特丹仓库价格分别跌40%和30.6%。尽管有许多消极因素影响钼市场,世界钼的需求量仍略有增加。2005年世界钼的总消费量较去年同期增长0.6%。在钼价高涨的情况下,许多投资进入钼工业,增加了钼产量。但中国仍将是主导钼市场的主要力量,中国钼的供应情况受到市场关注。安泰科预计,2006年钼价格将下跌,氧化钼的平均价格将稳定在20美元/磅左右。

With the incremental supply of Mo concentrate, and the reduction of stainless steel yield, Mo prices went lower at the second half of last year.Traders were anxious to release stocks, which stimulate to the downtrend.Mo oxide price in Europe in december of 2005 is lower by 23.4 percent than that of the same period of 2004, Mo oxide price in USA is lower 20.3%,Wester and Chinese-grade FeMo price is lower by 40 and 30.6 percent respectively.The demand of Mo in the world is increasing ,and the consumption of 2005 is up 0.6 percent than that of 2004.The price of Mo is high ,and many funds went into this industry,which will push up the output of Mo.But China is a main card in the world Mo market, the supply of Mo in China is highly coneered. Huludao Mo Mines in Liaoning halted in February of 2005, the resume date of the mines will play a inporant role in the market.